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eduard
2 years ago
5

What are the 4 main factors of production? Give two examples for each one.

Business
2 answers:
NeTakaya2 years ago
5 0

Answer:

land

labour

capital

entrepreneur

Explanation:

land

examples include waterbodies and land forms like plateau and ridges

capital

include monetary wealth i.e money and machinery

entrepreneur

includes sole proprietorship and partnership

labour

include skilled and unskilled labour

OLEGan [10]2 years ago
4 0

Answer: The factors of production are the inputs used to produce a good or service in order to produce income. Economists define four factors of production: land, labor, capital and entrepreneurship. These can be considered the building blocks of an economy.

Explanation:

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Would this topic be studied in microeconomics or macroeconomics: If the amount of money in the economy increases more than the a
AleksAgata [21]

Answer:

Both microeconomics and macroeconomics involve examining economic behavior, but they differ in terms of the scale of the subjects being studied.

Explanation:

Microeconomics is the field of economics that looks at the economic behaviors of individuals, households, and companies. Macroeconomics takes a wider view and looks at the economies on a much larger scale—regional, national, continental, or even global. Microeconomics and macroeconomics are both vast areas of study in their own rights.

8 0
2 years ago
Maxim manufactures a cat food product called Green Health. Maxim currently has 10,000 bags of Green Health on hand. The variable
Rudik [331]

Answer: $92,880

Explanation:

The Gross Profit can be calculated by simply removing the cost from the sales amount.

It is stated that the additional processing will yield 10,000 bags of Premium Green and 3,600 bags of Green Deluxe, which can be sold for $7.55 and $5.55 per bag.

Sales figure is therefore,

= (10,000 * 7.55) + (3,600 * 5.55)

= 75,500 + 19,980

= $95,480

Subtracting the cost to get,

= 95,480 - 2,600

= $92,880

The total gross profit would is $92,880.

7 0
2 years ago
Bridgeport Company had the following stockholders’ equity as of January 1, 2017.Common stock, $5 par value, 18,400 shares issued
harkovskaia [24]

Answer:

b

Explanation:

4 0
3 years ago
To increase living standards, public policy should a. ensure a greater degree of equality, taking all income-earners into accoun
padilas [110]

Answer:

c. ensure that workers are well educated and have the necessary tools and technology.

Explanation:

Living of standard is the living style of the people . It totally depends upon the necessary amount of money available with a person to meet out not only its basic needs but also have sufficient amount of money to meet out their luxurious needs as well.

Public policy is a policy made by the government to bring its decisions into actions with the help of public.

In order to increase the living standard , public policy should make sure that the workers working under the policy for the government are educated enough and they have proper knowledge about operating the necessary tools , equipments and technology .

5 0
2 years ago
The following are a few of the accounts of aim delivery corpation. 1. Wages Payable 2. Accounts Payable 3. Accounts Receivable 4
DedPeter [7]

Answer and Explanation:

The classification is as follows

1. current liability

2.  current liability

3. Current assets

4. Non current asset or fixed asset

5. Current asset

6. Stockholder equity

7. Non current asset or fixed asset

8. Current liability

9. Non currnet asset or fixed asset

10 Current liability

11 Stockholder equity

12 Current asset

13 Current liability

8 0
3 years ago
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